• McCormick average current ratio for 2023 was 0.73, a 1.35% decline from 2022.
• McCormick average current ratio for 2022 was 0.74, a 2.63% decline from 2021.
• McCormick average current ratio for 2021 was 0.76, a 9.52% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.